Thailand’s duty-free dream: Govt’s five-pronged plan to woo tourists and shoppers
In a move to transform Thailand into an irresistible haven for tourists and shoppers alike, the government has unleashed a five-pronged plan that could turn the Land of Smiles into a duty-free paradise.
Say farewell to arrival duty-free shops as Thailand aims to redefine its status as the ultimate destination for globetrotters and shopaholics.
Government spokesman Chai Wacharonke revealed yesterday, November 28, that the Cabinet has given the nod to five strategic measures outlined by the Ministry of Finance. The primary focus is to elevate Thailand’s allure as a premier tourism and shopping hub.
“The government’s economic stimulation policies are steering Thailand towards becoming a tourism and shopping powerhouse.”
The first measure seeks to entice both locals and international tourists to open their wallets wider by showering them with tax and financial incentives. Locally crafted delights, including perfumes, clothing, and fashion bags, are set to take centre stage under this initiative.
Next on the agenda is the restructuring of excise tax to make specific products more tantalizingly affordable. As Chai hinted, the prices of certain items might even undercut those in other countries.
Duty-free shops
In a bid to amplify the shopping spree, the third measure boldly cancels the setup of duty-free shops on arrival. International visitors are now urged to indulge in retail therapy during their stay in Thailand, with duty-free shops at departures remaining unaffected.
But that’s not all. The fourth measure throws open the doors of night entertainment venues in key tourist districts for extended hours, promising a nightlife experience like never before.
Ministries have been diligently tasked with furthering these measures. The Ministry of Interior is delving into strategies to boost tourism-related income, while the Foreign Ministry is exploring the potential extension of visa-free policies to include visitors from additional countries, reported Bangkok Post.
For shopaholics eyeing designer steals, the Ministry of Finance is cooking up plans to lure foreign tourists to Thailand for their luxury shopping fix. Expect a makeover in duty-free shop inventory, with Thai products poised to steal the spotlight.
Prime Minister Srettha Thavisin, cognizant of the pitfalls, has directed the Ministry of Tourism and Sports to combat the online scourge of fake news tarnishing Thailand’s image. This online menace has been gnawing at the edges of the country’s tourism appeal. Moreover, the 61 year old prime minister has urged a delicate balancing act between tourism income and deficits with Malaysia, following a high-stakes meeting with the Malaysian counterpart.
Chai underscores the need for a meticulous assessment of the potential loss in tax revenue and the spike in domestic spending within the tourism industry. Only after this scrutiny can a final verdict be pronounced on these transformative measures.
